Bitcoin price started a downside correction from the $25,200 resistance zone. There was a steady decline below the $24,500 support zone and the 100 hourly simple moving average. The price even spiked below the $24,000 support zone. A low was formed near $23,600 and the price recently started a fresh increase. There was a move above the $23,800 and $24,000 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $25,250 swing high to $23,600 low. (newsbtc)
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